Concentric’s holding of own shares now 259,295

Concentric AB, 556828-4995, has on 13 August 2013 transferred 64,308 own shares as part of the consideration to the seller of LICOS Trucktec GmbH.  The consideration amounts to EUR 9,250,000, whereby EUR 8,750,000 was paid in cash and EUR 500,000 was paid in shares in Concentric AB. The settlement rate for the Concentric shares has been determined to SEK 67.72 per share.

After the transfer, Concentric AB’s holding of own shares is 259,295. The total outstanding amount of shares in Concentric AB is 44,215,970.

For further information, please contact David Bessant, CFO, +44 121 445 6545

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About Us

Concentric AB is the former Hydraulics Division of Haldex AB and from June 16 2011 a separate listed company.Concentric is one of the world’s leading pump manufacturers. Our flow dynamics gives customers advanced technology oil pumps, water pumps, fuel pumps and hydraulic systems. We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering. Concentric’s global manufacturing presence includes factories in Sweden, Germany, the UK, the USA, Argentina, India and China, backed by central support and development functions. This means we sell locally to our global customers. The business fuses Concentric’s strengths as a pumps maker with longstanding expertise in hydraulic products. Our customers make trucks, construction equipment, agricultural machinery and general industrial applications.

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